If you haven’t checked how much your home broadband is costing you in a while, it’s a good idea to make sure you haven’t been hit by any unwanted price hikes.
When signing up for internet packages, many new customers are offered special deals, with tech leaders such as Sky, BT and Virgin all offering discount deals that make surfing the web much more affordable.
But when those bargains come to an end, the Internet Service Provider (ISP) can then charge their standard rate – which is most often much more expensive. Anyone who notices the charges will then be hit with the inflated charges, until they make a new deal or switch to a competing provider.
Read more: Millions of BT, Virgin and Sky users hit by broadband shake-up next week
For example, David Snelling of the Daily Express reports that he was recently hit by a sharp rise. When he originally signed up for his current plan in March 2021, he got 200Mbps high-speed broadband for just £47.75 a month.
The 18-month contract has just ended, and despite the exact same speeds, David’s bill has gone up by £15 to £60.75 a month. Although that doesn’t seem like a big difference, it works out to £180 a year in the long run.
ISPs should actually notify you when your offer ends via email or mail, but correspondence can be easily ignored due to cluttered junk mail and mailbox spam. It’s a fantastic idea to check when your trade is about to close, so you can in turn check the current market for cheaper options before the price spike hits your monthly bill.
At the time of writing, good deals are available – and by not renegotiating your contract with your current supplier or splitting up for a new deal, it could prove quite costly in the context of the current global crisis. Cost of life. For example, Virgin Media currently offers 108Mbps broadband for just £26 per month.
At the end of this contract, the price almost doubles to £51. BT’s Fiber Essentials plan now costs just £24.99, but that cost drops to £29.99 once the deal is complete.
Sky users will also see increases in their broadband costs, with the company’s base speed currently costing £25, but this will drop to £30 at the end of the contract. If your offer is over and you are now paying more, call your ISP and see what they have to offer, because you might find an offer that lowers the price again.
If they don’t budge, take a look at what’s available on your street, as you might find a rival ISP offering better speeds at cheaper prices. For example, BT is currently offering its lowest ever price for standard broadband and Sky has launched a price freeze, meaning the cost of the contract will not increase when the usual increases begin next year.
Remember that many smaller companies are slowly launching superfast broadband with some, such as Comunity Fibre, Toob, CityFibre and Hyperoptic, offering 1Gbps downloads for less than £35 a month.